In general: sum remaining after all expenses have been met 
or deducted; synonymous with net earnings and with net 
profit or net loss (depending on whether the figure is 
positive or negative).

For a business: difference between total sales and total 
costs and expenses. Total costs comprise cost of goods sold 
including depreciation; total expenses comprise selling, 
general, and administrative expenses, plus Income 
Deductions. Net income is usually specified as to whether 
it is before income taxes or after income taxes. Net income 
after taxes is the bottom line referred to in popular 
vernacular. It is out of this figure that dividends are 
normally paid. See also Operating Profit (or Loss).

For an individual: gross income less expenses incurred to 
produce gross income. Those expenses are mostly deductible 
for tax purposes.

net income is the difference between indirect expenses and 
g/p+ indirect income

after we balance the incomes and expenses than we have debit
balance that was the net profit

This is the bottom line of the income statement. It is the 
mathematical result of revenues and gains minus the cost of 
goods sold and all expenses and losses (including income 
tax expense if the company is a regular corporation) 
provided the result is a positive amount. If the net amount 
is a negative amount, it is referred to as a net loss.

net income is net earning after deductions all expances 
during the perioed of fanancial . 
other think . net profit = gross profit + direct income - 
all indiarect expances,